Reading tea leaves to assess the impact of the change to the competitive structure of an industry is always an interesting exercise. This is certainly the case with the surprising news on January 11th that Wall Street Systems (WSS) is acquiring IT2. Though the company has purchased other TMS competitors in the past, (Trema, Richmond, City Financials, and Treasura), this is the first move since WSS itself was acquired by Ion Trading. We have previously noted that the TMS industry was in the midst of tumultuous changes and there will undoubtedly be more fallout throughout 2013—but the purpose of this update is to offer some immediate practical advice to corporate treasurers on how to respond to this news in the short term.
